med school debt

The bad news is that medical school is expensive. The good news is that it’s possible to find financial aid for medical school that will alleviate some of the monetary burden.‍ This article aims to be a comprehensive source surrounding medical school financial aid, a one-stop reference for everything you need to know about subsidizing your tuition and limiting your debt!

No matter which medical school you choose to go to, it is a costly investment for your future. The average medical school graduate owes roughly $240,000, and the debt average seems to rise every year as the cost of medical school increases. However, scholarships are a great way to cut down on the expenses. There are thousands of scholarships available, but we at Savvy Pre-Med have compiled a list of scholarships we found promising for prospective and current medical school students.

Many fight hard to get into medical school, but what comes after the acceptance letter (and the immense joy it brings) is the dread of financing the coming four years. Tuition, living expenses, books, USMLE fees - the list goes on! Finding a way to pay off the huge amount of tuition and fees while also maintaining your grades, passing USMLEs, balancing your social life, and saving lives can be quite overwhelming. And to top it off - there is a lack of resources to help you make the right financial decision. But that's where we come in!

Most advice steers you towards loans. Loans. Loans. More loans. Would you like a side of loans with your medical education? Or are you willing to donate a kidney? It's much harder to find resources that solely focus on loan-free ways of paying for medical school. While we recognize that graduating from a medical school with zero debt cannot be the case for everyone, we believe that all students have the potential to graduate with a manageable amount of debt. Here's a list of ways to help you pay for medical school without going broke!

How will you pay off the overwhelming amount of tuition and fees in medical school? Should you take out loans? Which ones? What about scholarships? Can you negotiate with medical schools? What are the do’s and don’ts of medical school financial aid? You’re not alone in this difficult journey. Here are 8 testimonies from a diverse set of students to help you avoid mistakes and give you a baseline of advice.

Can You Get a Full Ride to Medical School?

How Long After Medical School Until I Can Afford My Tesla?